Answered: Prove that the marginal revenue curve…

Prove that the marginal revenue curve has twice the slope and the same intercept as a linear demand curve (say p(q) = a - bq).

Managerial Economics: A Problem Solving Approach

5th Edition

ISBN:9781337106665

Author:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor

Publisher:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor

Chapter9: Market Structure And Long-run Equilibrium

Section: Chapter Questions

Problem 3MC

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Prove that the marginal revenue curve has twice the slope and the same intercept as a linear demand curve (say p(q) = a - bq).

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